Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$206,686$206,686$450,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$243,314$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.904%7.640%
1st payment$1,120.15$1,120.15$3,115.71
2nd payment$0.00$1,571.40$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$166.67$166.67$166.67
MI / mo$174.11$174.11$90.00
HOA / mo$72.00$72.00$72.00
Total monthly$1,736.51$3,307.92$3,647.96
Cash to close$293,314$50,000$50,000